Former champion kickboxer Dennis Alexio was convicted of using “false and fictitious financial instruments” to obtain property from unsuspecting victims.
A federal jury today found Alexio guilty of all 18 counts contained in the indictment following a five-day trial.
Sentencing is scheduled for March 20, 2017 before Chief U.S. District Judge J. Michael Seabright.
U.S. Attorney Florence Nakakuni said Alexio obtained $185,000 of silver coins and gold bars by fraud and theft from APMEX, an internet metals company based in Oklahoma City. Alexio also used fraudulent means to obtain $16,000 in currency from Dartmouth Capital, an internet currency exchange company based in Boston.
Alexio faces a maximum of five years in prison for each of the 18 counts. A previous federal jury trial in January 2016 resulted in Alexio’s conviction on all 28 counts of defrauding the Internal Revenue Service of more than $700,000 in illegally obtained tax refunds. He is awaiting sentencing for those charges as well.
The Internal Revenue Service led the investigation, which resulted in both sets of convictions. The prosecution was handled by Assistant U.S. Attorneys Marshall Silverberg and Margaret Nammar.